Trump victory poses challenges for the Fed's independence
The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment — primarily by raising and lowering interest rates.
PREMIUM Special Reports
US Federal Reserve chairman Jerome Powell leaves after holding a press conference in Washington, DC, on September 18, 2024. Powell is scheduled to step down as Fed Chair in May 2026, and President-elect Donald Trump is not expected to renominate him. (AFP)
By NewVision Reporter
Journalists @NewVision
WASHINGTON - Donald Trump's return to the White House could put the independence of the US Federal Reserve under strain, potentially weakening its ability to fight against inflation